The Deepwater Horizon explosion and BP oil spill presents us with challenges on a number of fronts – from capping the flow at the well head and containing the spill on the ocean’s surface, to controlling the impact of the oil on the coastal shoreline and on the precious wetlands and fisheries in the area. President Obama remains committed to bringing any and all available resources to the Gulf of Mexico. Earlier today the President met with a number of Cabinet members and senior staff in the White House Situation Room to review BP’s efforts to stop the oil leak as well as to decide on next steps to ensure all is being done to contain the spread, mitigate the environmental impact and provide assistance to affected states, including individuals, businesses, and communities.

As we continue to evaluate different options to stop the flow of oil, the President impressed upon his team two things in the meeting today: first, the importance of engaging independent experts in the fields of science and technology; and, second, bringing every perspective to the table to identify potential solutions.

The President was pleased to hear that some of Energy Secretary Chu’s ideas have helped us better understand the dimensions of this serious problem and he asked Secretary Chu to lead a team of top administration officials and government scientists to Houston this week for an extensive dialogue with BP officials to continue to aggressively pursue potential solutions. Throughout the week, the President will continue to dispatch additional Cabinet officials to the region. As the President has made clear before, BP will be paying for all costs of stopping the spill and cleaning it up, and we will aggressively pursue full compensation for damages.

In addition, to deal more generally with the harms created by oil spills, the President has requested that we send legislation to Congress to toughen and update the law surrounding caps on damages.